Issue - decisions

Affordable Homes Programme

 

 

04/03/2015 - 2015-18 Affordable Homes Programme Agreement

The Executive Councillor (Economic Development and Regeneration) has approved the Council entering into a further agreement with the HCA through the Accent consortia for the 2015-2018 Affordable Homes Programme following the expiry of the previous agreement period, and that Stockport Council enters into further agreements with the HCA for ‘Continuous Market Engagement’ opportunities on a scheme by scheme basis within the 2015-18 Programme.

 

The Council/Stockport Homes bid for funding through the Accent consortium (formerly Northern Lights). The consortium has been offered £18.7m grant to deliver 758 new homes across the North West. This includes a total of 244 units for Stockport Council & Stockport Homes.

06/09/2011 - 2011-15 Homes & Communities Agency Affordable Homes Framework Agreement (C39)

The Executive Meeting has given approval to:-

 

·         the Council entering into the Homes and Communities Agency (HCA)  Affordable Homes Framework agreement, subject to a mechanism being put in place which allows the conversion of Council housing on re-let to affordable rents;

·         the Council entering into agreement with the Accent Group to deliver affordable homes;

·         the Council entering into an agreement with Stockport Homes to deliver and manage the new build development programme;

·         subject to the mechanism described in the report, a conversion cap of 282 properties (10 per cent of total relets) to be relet at 80% of market rent to facilitate building 56 homes, with the potential to build additional homes subject to additional HCA funding; relets at the affordable rent level to initially be limited to 5% to fund the 56 unit programme, with additional homes relet at 70% of market rent, subject to HCA agreement, up to the 10% cap, only being progressed if further funding from the HCA becomes available, and

·         a policy being developed in consultation with the Executive Councillor (Communities) to ensure that relets at an affordable rent be made in a fair and equitable manner.